Shell is set to cut 380 jobs as the supermajor moves to close its finance office in Glasgow following a review of its global finance operations, according to news reports.
"For Shell to remain competitive, difficult choices continue to have to be made to improve efficiency and value for money across all of our businesses and functions,” a Shell spokesperson said, according to BBC News. "Subject to employee consultation, we are proposing to close the Shell finance operations office in Glasgow and, over the next 15 months, move its activities to our other locations in our global Shell Business Operations network.”
"This will result in a small overall reduction in the number of jobs in Shell's global finance operations. Employees currently based in the Glasgow office will likely face involuntary severance," the spokesperson said.
In May, Shell said it would cut some 475 jobs from its UK and Ireland business by the end of this year as it further reduces its cost base.
The firm has already announced more than 10,000 jobs cuts globally, including some 2800 jobs being cut through the Shell's integration with BG Group, which it bought in a US$70 billion deal in February.
Image from Shell Flickr.
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